Business News

More UK supermarkets waive tax relief

4th December 2020

Sainsbury’s, Asda, Aldi and B&M will forgo UK property tax relief during the pandemic, following rivals Tesco and Morrisons and taking the total recouped by the UK government from retailers to £1.8 billion.  Britain’s supermarket groups have seen sales soar during the pandemic, but have been criticised by politicians for paying shareholder dividends while receiving […]

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EU regulator says derivatives market faces challenges on Brexit

4th December 2020

The European Union’s top markets regulator has delivered a fresh warning that big European banks will face difficulties trading derivatives when they are locked out of London’s dominant trading platforms at the end of the Brexit transition this month.  Steven Maijoor, chair of the Paris-based European Securities and Markets Authority, said in an interview with […]

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Hope fading post-Brexit trade talks could finish before Monday

4th December 2020

Negotiations on a future EU-UK relationship will resume in London this morning, but hope is fading that the talks on a post-Brexit trade deal could finish today. Downing Street last night claimed that the EU side had placed fresh obstacles in the way of an agreement following pressure from French President Emmanuel Macron. British officials […]

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€8.9 billion deficit in public finances recorded in November

3rd December 2020

The public finances recorded a deficit of €8.9 billion in November, according to the latest Exchequer figures. This compares to a surplus of €3.355bn in November last year. It is also an improvement on the €11.7bn deficit recorded at the end of October, largely due to some one-off factors. The deterioration compared to last year […]

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€8.9 billion deficit in public finances recorded in November

3rd December 2020

The public finances recorded a deficit of €8.9 billion in November, according to the latest Exchequer figures. This compares to a surplus of €3.355bn in November last year. It is also an improvement on the €11.7bn deficit recorded at the end of October, largely due to some one-off factors. The deterioration compared to last year […]

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Services activity shrinks faster in November – PMI

3rd December 2020

Services activity contracted faster in November, ahead of the reopening from this week of large parts of the sector, a business survey showed today.  Ireland became one of first European countries to reimpose tough Covid-19 restrictions in late October when the Government shut non-essential retail and limited pubs and restaurants to takeaway services. The restrictions […]

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Services activity shrinks faster in November – PMI

3rd December 2020

Services activity contracted faster in November, ahead of the reopening from this week of large parts of the sector, a business survey showed today.  Ireland became one of first European countries to reimpose tough Covid-19 restrictions in late October when the Government shut non-essential retail and limited pubs and restaurants to takeaway services. The restrictions […]

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Little progress on key issues in Brexit talks

3rd December 2020

Brexit talks have stretched late into the night as both sides fought their corners with the clock ticking down to the deadline for a trade deal.  It was reported that several boxes of pizza were delivered to the talks venue last night.  EU and UK officials are trying to hammer out an agreement ahead of the end […]

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Brexit will impact consumer rights, warns watchdog

2nd December 2020

Irish consumers are planning on buying Irish after Brexit and many have already switched from UK websites due to concerns around consumer rights.  The Competition & Consumer Protection Commission (CCPC) said there has been an 18% increase in the number of people planning on buying more from Irish-based businesses. But more than half of consumers here still […]

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Dublin sixth most active real estate market in Europe, according to report

2nd December 2020

Dublin is the sixth most active real estate market in Europe for capital invested, according to a report by PwC and Urban Land Institute. In its 18th year, the report ranks 31 European cities for investment and development potential as well as ranking sector prospects. It is based on the opinions of 995 real estate professionals across […]

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